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HR 4470 115th Congress House Taxation Employee hiring Employment taxes Income tax exclusion Railroads Transportation employees Unemployment

Reducing Long-Term Unemployment Act

Introduced: November 28, 2017 Introduced by: Norton, Eleanor Holmes Democratic · District of Columbia See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 28, 2017
Referred to the House Committee on Ways and Means.
Nov 28, 2017
Sponsor introductory remarks on measure. (CR E1607-1608)
Nov 28, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Reducing Long-Term Unemployment Act

This bill amends the Internal Revenue Code to extend until December 31, 2018, the suspension of employment and railroad retirement taxes for employers who hire unemployed individuals.  The aggregate reduction in taxes from such suspension is limited to $5,000 per employee.

The bill modifies the unemployment requirement to require a signed affidavit from the unemployed individual that, during the entire 27-week period ending on the hiring date, such individual: (1) was receiving federal or state unemployment compensation, or (2) was unemployed and would have received unemployment compensation except for having exhausted the right to receive such compensation during such period.

What's happening now November 28, 2017

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1